(Reuters) -Boeing CEO Dave Calhoun will step down by year-end in a broad management shakeup brought on by the planemaker's sprawling safety crisis exacerbated by a January mid-air panel blowout on a 737 MAX plane. In addition, board chair Larry Kellner and Stan Deal, head of the company's commercial planes business, are also leaving as Boeing's board tries to get control of the myriad issues that have shaken confidence in the iconic planemaker over several weeks. Immediately after the Jan. 5 pan
Hong Kong s Cathay
Pacific Airways reported on Wednesday a HK$9.79
billion profit for 2023, its first annual profit
since 2019, and said it plans to expand its workforce by around
20%, or 5,000.
Cathay Pacific Posts First Annual Profit Since 2019 usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Cathay Pacific
posted its first annual profit since 2019 as it left behind the
COVID-19 period distress that drove heavy losses and layoffs at
the airline, sending its shares surging to a four-year.
The sale of Asiana Airlines
cargo business has attracted offers from four South
Korean low-cost carriers, a source with knowledge of the matter
said on Wednesday. Jeju Air, Eastar Jet,.